In Belgium, STADA generated sales growth in the amount of 7% to EUR 134.9 million in2010 (previous year: EUR 125.7 million) – despite state price reductions introduced during the course of the year.
With an increase of 7% to EUR 128.6 million (previous year: EUR 120.2 million), generics continued to have the largest share of local sales in 2010. They had a 95% share of STADA’s sales in Belgium (previous year: 96%). With a market share of approx. 49.1% (previous year: approx. 48.1%), the Belgian STADA subsidiary continued to be the clear local market leader in the generics market there in financial year 2010.1)
The Group generated a sales increase in the amount of 14% to EUR 6.3 million with branded products in Belgium in 2010 (previous year: EUR 5.5 million). Their share of STADA’s sales generated in Belgium amounted to 5% (previous year: 4%).
Operating profitability achieved in Belgium in 2010 was, as expected, at Group average.
In Belgium, STADA recorded a sales plus in the first three quarters of 2011 in the amount of 7% to EUR 105.8 million (1-9/2010: EUR 99.1 million).
With a sales increase of 7% to EUR 100.2 million (1-9/2010: EUR 94.0 million), the Group continued to have the largest share of local sales with generics in the Belgian market. Generics contributed 95% (1-9/2010: 95%) to local STADA sales.
Sales of STADA branded products in Belgium in the first nine months of 2011 increased by 12% to EUR 5.6 million (1-9/2010: EUR 5.1 million). Branded products thereby contributed 5% to sales achieved by STADA in Belgium (1-9/2010: 5%).
For financial year 2011, STADA expects another sales increase in the Belgian market with an operating profitability which will again be at about Group average.
| 1) | STADA estimate based on IMS Health data at ex-factory prices. |
| 1) | Sales below EUR 0.05 million were rounded to EUR 0.0 million. |